I added the set shown on Friday by Roofer to my DJIA chart. Doesn't this combination look interesting?

Very interesting, Eric.

Watch that DX right here. AAPL right at its line, the ES well into the area I mentioned. Let's see if they can hold it, or if they sell it off at all. What a frenzy. Notice shmendel's ABCD here.

Keep an eye on this...

We don't want an abcd in the cd leg

Notice AAPL exploding up over its line, leading the way up.

Originally posted by shmendel

We don't want an abcd in the cd leg

I don't have an ABCD in the CD leg?

Careful on that ES in here.

AAPL has an offset line here for that set. This is a super-critical spot here for both.

ES throws a 4PT here, and AAPL explodes to a new high, again. This thing is strong. I suspect we see at least 1110-12 tomorrow. AAPL 206?

I will take the opposite side Jim. Since we can count 5 waves from Friday's top to today's bottom, this ABCD could have been a Wave 2 which finished very close to 30% square of price and time:





If it was indeed such a weak Wave 2 then we might expect fireworks to the downside tomorrow. And as I already mentioned here it needs to happen if our local The Trade setup is about to play out ;-)

Nice post, jarek. You are 100% spot on with your analysis. If this goes up I'll detail more of my reasoning. If my bias was short side for that timeframe I'd be all over your setup.

AAPL a few pennies short of 214 today. Smokin' at all-time new highs. GOOG a penny shy of 626, also just exploding to new highs for the 'bull'.

Also setting new highs today for the entire 'bull': Mid-caps, Russell, NDX, NASDAQ Composite, and the SOX Index.